Looookie Here ! Largest Order in Company history for SSYS
FDM Equipment...now lets see these guys turn this lot on a quarterly basis and by 05... on a monthly basis.....how about that! No better business opportunity anywhere! I've seen the Mountain top and its clear whats going to happen here.
Stratasys Secures $1.5 Million Order from Tokyo-Based Distributor Marubeni Solutions Corp.
Tuesday December 30, 8:00 am ET
Marubeni Order Includes Fifty Low-Cost Dimension 3D Printers; Marks Largest Single Order in Stratasys' History
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 30, 2003-- Stratasys, Inc. (Nasdaq:SSYS - News) today announced it has secured a $1.5 million order from its Tokyo-based distributor, Marubeni Solutions Corp. The order marks the largest single order in Stratasys' history.
Marubeni will acquire multiple Dimension 3D printers from Stratasys as part of the sale. The distributor's goal is to further integrate Dimension 3D printers into its corporate-account sales strategy, making the networked, desktop modeling systems a corporate standard for customers. The Dimension 3D printers will be used by Marubeni's customers - leaders in industries as diverse as automotive and electronics - to enhance their design processes, providing them a fast, office-friendly, alternative for building functional 3D models.
This latest Stratasys sale demonstrates the growing demand within the global market for low-cost, desktop 3D printing capabilities among designers.
"We're excited about this significant order and the continued growth of the 3D printing market," said Scott Crump, chief executive officer for Stratasys. "As we've publicly stated, we believe our Dimension 3D printer is redefining a rapidly expanding office prototyping market and addresses a market universe of more than three million computer-aided-design stations. Marubeni has been one of Stratasys' key distributors for more than 10 years, and we are committed to helping them continually serve their customer base with innovative products like Dimension."
Stratasys will begin shipping the machines to Marubeni immediately, completing the process within the first eight weeks of 2004.
Stratasys, Inc. is in the three-dimensional solid imaging business as a manufacturer of rapid prototyping systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer products OEM's. The Company's patented Fused Deposition Modeling (FDM) rapid prototyping processes create precision 3-dimensional plastic and wax prototyping parts directly from 3-D CAD systems. Stratasys holds over 110 granted and pending patents worldwide focused on rapid prototyping. The Company is located at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and www.Stratasys.com.
Except for the historical information herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties; these include the continued market acceptance and growth of the Company's Dimension, Prodigy Plus, Maxum, Vantage, and Titan product lines; the size of the 3D Printing market; the Company's ability to penetrate the 3D Printing market; our ability to maintain the growth rates experienced in this and preceding quarters; our ability to introduce and market new materials such as polyphenylsulfone and the market acceptance of this and other material; the impact of competitive products and pricing; the timely development and acceptance of new products and materials; our ability to effectively and profitably market and distribute the Eden333; and the other risks detailed from time to time in the Company's SEC Reports, including the reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2003, and Form 10-K for the year ended December 31, 2002. |
